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1、1. In2011,theaverageAmericanearnedabout$48,000whiletheaverageNigerianearnedabout$1,200.Whichofthefollowingstatementsislikely? a. TheaverageAmericanpurchasesmoretelevisionsthantheaverageNigerian. b. TheaverageAmericanhasbetternutritionandhealthcarethantheaverageNigerian. c
2、. TheaverageAmericanhasalongerlifeexpectancythantheaverageNigerian. d. Alloftheabovearecorrect.ANSWER: dDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.012-Applybasic,economicprinciplesofindividualdecisionmakingthatdeterminehowaneconomygenerallyworks.TOPICS: Economicth
3、inkingKEYWORDS: BLOOM'S:Comprehension2. IntheUnitedStates,incomeshistoricallyhavegrownabout2percentperyear.Atthisrate,averageincomedoublesevery a. 15years. b. 25years. c. 35years. d. 45years.ANSWER: cDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.007-Analyzethefac
4、torsthataffectacountry'sgrowth.TOPICS: EconomicthinkingKEYWORDS: BLOOM'S:Comprehension3. IntheUnitedStates,incomeshavehistoricallygrown a. about0.5percentperyear. b. about2percentperyear. c. about4percentperyear. d. about6percentperyear.ANSWER: bDIFFICULTY: EasyLEARNI
5、NG OBJECTIVES: ECON.MANK.007-Analyzethefactorsthataffectacountry'sgrowth.TOPICS: EconomicthinkingKEYWORDS: BLOOM'S:Knowledge4. Overthepastcentury,theaverageincomeintheUnitedStateshasrisenabout a. twofold. b. fivefold. c. eightfold. d. tenfold.ANSWER: cDIFFICULTY: Eas
6、yLEARNING OBJECTIVES: ECON.MANK.007-Analyzethefactorsthataffectacountry'sgrowth.TOPICS: EconomicgrowthKEYWORDS: BLOOM'S:KnowledgeCopyrightCengageLearning.PoweredbyCognero.Page 215. Theterm"productivity" a. meansthesamethingas"efficiency." b. isseldomusedbyeconomists,as
7、itsmeaningisnotprecise. c. referstothequantityofgoodsandservicesproducedfromeachunitoflaborinput. d. referstothevarietyofgoodsandservicesfromwhichhouseholdscanchoosewhentheyshop.ANSWER: cDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.007-Analyzethefactorsthataffectacou
